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Neil-Byrne

Why is the company not buying back coins at this

level? Market cap is tiny compared to the money they’re handing out to people for sponsorships, the exchange is extremely illiquid, it wouldn’t take much capital to not only support the price of the coin but also return some of the issued coins which they could then issue later at a higher price, a much higher price one would think. I

#blockchain #cryptocurrency #digitalbits #english
0

3 ответов

11 просмотров
tom-

they need fiat to pay more sponsorships. next installment of payments of roma and inter are in july

0
18.06.2022
Neil-Byrne Автор вопроса
tom
they need fiat to pay more sponsorships. next inst...

Thx for that. But it still leaves me scratching my head that the company are about to pay about €40m for the two sponsorships for the year and XDB is trading at €70m market cap. Surely there’s cash in the bank to be buying back coins at this level

0
18.06.2022
tom-
Neil Byrne
Thx for that. But it still leaves me scratching my...

who knows. they need alot of usd to pay roma, inter, beckham, totti and all the teams salarys devs etc, and coin has no revenue atm...

0
18.06.2022

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